it's the best way to generate more business. the economic impact of the center is significant. we have calculated that we have lost $2 billion in spending because the building is not big enough and people have left. people that want to meet in san francisco or come back over a regular cycle are not able to meet here because it's too small. so we have to expand and once we do, it will create jobs, revenue and taxes for the city. we have a whole expansion team. it's' private-public partnership. all partnering to make this thing happen. so what is our goals? is that location has changed

dram itally and to work cost-effectively to stay onbudget and deliver the project. so this is the context of where we're looking at. it's right on the lines of new central subway. there will be a moscone stop. we have three separate buildings, south opened 32 years and north opened 20 years and moscone west opened a little over ten years ago. for the study looked at that whole area and looked at the three moscone sites and the two garages, 5th and missing the and the moscone garage between folsom and howard. one of the problems with moscone center it was built basically when the neighborhood was not what it is today. and it was built kind of in independent, isolated area to almost a suburban-type building in what has been a very urban

area. we market san francisco as a pedestrian-friendly city and pedestrians are not allowed to walk around the moscone center in some areas. so we need to improve how it functions, but how it looks in the neighborhood. currently below ground, below grade there are two major exhibit halls. one the south hall with 260,000 square feet and the other with 180,000 square feet and a piece that connects both together of the our goal is to connect those two better and open it up to 540,000 of contiguous exhibit space that. is something that our clients say very much they need to have. we looked at above ground and how to connect the two buildings better and how to make it a better neighbor in the neighborhood. so our plans are to focus on the existing lower level and

connect the north and south exhibition halls, to open up the unexcavated space under howard street, to move some of the meeting space that is currently there and connect those buildings. so to give us one entire space of about 540,000 square feet of contiguous exhibit space that can be broken up or can be used as one solid space. this is one of the demands that our customers really feel we need and we really feel in order to stay competitive with other cities such as san diego who has already over 540,000 square feet. we want to figure out to add additional space and make a t a better player in the neighborhood. so we're looking at adding three buildings above moscone north and south lobby and at the corner of 3rd and howard. we'll add up to another 100,000 square feet of meeting space on top of the existing buildings.

what this will allow us to do is two things. it allows us to add the meeting space, but expand the space because we want to on top of these buildings is expand the garden experience. expand the public experience that you can do. the public will be able to use the space and it will be programmable space for convention use also. so really expand that whole urban park/plaza field of the yerba area. we'll narrow that down to be more urban feel and pedestrian and people active and you will see a lot more dynamics going on and make that much more active with the neighborhood. here is a view looking east on howard street. how will it connect the two buildings, north and south and

bring it much more into a tight feel. totally right now we have about 540,000 square feet of existing space and we'll go up an additional 200,000 square feet. this is in phase 1. how we pay for it? i was hoping that rick was going to be up next, who is going to talk about how we'll pay for it. [ laughter ] we're expanding the moscone tourism district and what is significant this is a public building owned by the city and county of san francisco, but the city will contribute and help in the financing of it. i want to briefly talk about the master plan beyond this. south of market, if you look at the old city maps had not necessarily a lot of super blocks, but can you see a lot of alleys in the neighborhood. we want to connect those back

into moscone and not make it such a distinct, super block and not only add more public space and park space and plaza space, but connect it through a variety of alleys. there are additional opportunities to build for exhibit space on top of the building, but to connect the alley ways and make it more pedestrian-friendly, to people don't have to find, "no-pedestrians allowed" signs. here is an idea of what it could look like from 3rd, across from 3rd to 4th, between howard and folsom. it opens up the streets to a much more pedestrian-friendly attitude. we'll look at development opportunities that could include additional towers, hotels and residential space on the moscone campus site. so though that is our view.

it's our vision. it's a way to keep san francisco dynamic and a way to keep the tourism industry healthy and it's a way for our business community to stay here and show the world how they operate business and to make that neighborhood even more dynamic. thank you. [ applause ] >> thank you, joe, very exciting and very high-impact. if you haven't seen is the beautifully renovated moscone center, a lot of things have happened in the last year. so it's already miles ahead of where it was. very impressive. thank you so much. and now, a very exciting vision for a future we imagine the golden state warriors being here. an iconic new waterfront arena. so we're going to hear about

that, rick welts, president and coo of the golden state warriors and he has over 36 years' of experience in the nba, one of the most respected business executives in the league. most recently he spent nine years with the phoenix suns and was president and ceo for the last two seasons, also served for 17 years at the nba league office in new york and rose through the ranks to become the league's third in command. we're going to -- i'm going to spend a lot more time on rick welts wonderful resume. i'm going to let him tell us about the wonderful and exciting plans for the golden state warriors here in san francisco. so please welcome rick welts of the golden state warriors. [ applause ] [ applause ] >> we all know where we're in the program right now. this is the time when you are look at your watch and figuring out how am i going to get to

the restroom or how do i make that 10:00 apilot that i wish i hadn't made? here is the deal. i can't talk quite as fast as joe. [ laughter ] but this is going to be eight minutes. here are you are alternatives. i have stationed the entire warrior's season ticket staff at the door. [ laughter ] >> thank you to the business times, mary, thank you. thank you for the kind words from mayor lee, supervisor jane kim sitting at the port's table. thank you very much. [ applause ] and i also -- i'm not sure why, but have i to acknowledge joe, because those who know joe know he gets really pouty if you don't. [ laughter ] all right, thank you, joe. you may these two guys. joe and peter bought the golden

state warriors for a record $450 million. they are the perfect pair. joe has funded the start-ups of dozens of companies that are household names for us and cut his teen in the nba as minority owner with the boston celtics and won the championship there. peter, hollywood icon has earned 50 academy nominations and made movies like color purple." rain marn," "batman," ohio $3 million in gate receipts for his movies. i metnese guys a year ago when they looked for a president of warriors and i never heard them use the word "good in our conversation. i only heard them use the word "great." and we have really set

out to build a world-class organization. i can tell you now what has happened. i think jerry west is responsible as a great player and architect of all the los angeles lakers' championship teams and a member of our executive board involved in every player-personnel decision that the warriors make it. we purchased a dame last week that played in bismarck, north dakota and this december that team will began play in santa clara was the santa clara warriors in the new arena that we're constructing in santa clara. we hired mark jackson as the coach. but this is not about waiting five years for a great new arena to become a great franchise. we are heavily investing in both the team and the fan #kg:íw experience now.

this summer there has been more investment about $11 million in oracle arena than there has been any other time since the major renovation in 1999. and one thing i would probably not expect you to recognize on that slide is a 7' center, which usually doesn't go along with the warriors. andru gagot, one the top centers in the nba will begin play for the warriors in about a month from now. part of the fan experience is in the arena, warriors fans as you know have been incredibly supportive, but also very patient. . we looked throughout the bay area and we really do believe we found the perfect place to

be the home of the golden state warriors going forward, thanks to mayor lee's support and . encouragement. on may 22nd, we made an announcement. this is also a queue for the video and a good time if you have to get out, that would be now. we intend to build the most spectacular arena in the country that all bay areas, not just san franciscos, but all bay area residents can be proud. today sets the stage for the warriors to see another year. we promise it's going to reflect creative, diversity and technologically savvy of the bay area. one mission today, a

world-class venue. a beacon for the warriors. [ music ] [ music ] we're all in. i hope to sigh at the ribbon-cuting in 2017 with a smile from a journey well-done.

we watch that every morning to get your juices flowing. [ laughter ] san francisco deserves it. how crazy is that san francisco -- there is no city in america half the size of san francisco that does not offer world-class, multi-purpose arena and san francisco has never had it, with all due respect to the cal pals. [ laughter ] we are prepared to spend over $100 million to renovate that pier, those piers, which are now crumbling into the bay and whose primary purpose is to serve as a parking lot. this project is going to reclaim this part of the city as a wonderful public asset for all citizens to enjoy. that is a 13-acre site. so imagine as part of this project over four acres of new public space that will be incorporated into the design. and appropriate for transit for

a city like san francisco, this location is tremendously located for all public transportation, whether coming from the bay bridge, the red line there is bart. the purple line is muni. you see caltrain, as well as the location of the future transbay terminal. we don't have the transportation plan yet. peter albert and the city are conducting a major study not only our project, but the transit-friendly atmosphere. our preliminarily parking study shows within a 20 minute walk of the site there are 23,000 parking spaces to put that into perspective for you on a soldout warriors game in oakland the most cars that we park is 5,000. so that is the puzzle that we will solve through this process in making sure transportation works.

now before choosing this site, we commissioned some significant research to learn how people would feel about the project. you can see the results of that here. here is what we learned. when we told people what the project was, how it would be funded, and where it would be located. this was what we learned. it's very interesting. you can see on the san francisco side of the bay, with that description and information in hand, 80% of the people support the idea of this project. i think more surprising, perhaps, is the east bay numbers. were given the same information, just about two-thirds of people were enthusiastic in their support of the project. and maybe the thing that is most important to take away, that i haven't mentioned is this is a 100% private financed. no tax increases. no money from the general fund. [ applause ]

benefits will be many. jobs obviously through the construction process, but also hundreds of permanent, well-paying new jobs. san francisco will finally have a world-class multi-purpose venue for music, artists who cannot today play in san francisco, for business and cultural event to fill a void in joe's portfolio of convention and other business coming to the city. family shows and for us, most importantly a new home back in san francisco, where the warriors started. certainly will contribute to economic growth, new tax revenue, and create a publicly accessible waterfront attraction that does not exist today. we passed a big milestone in naming our architectural team and we choose two firms that are going to be responsible for the design of this project. san francisco's acom, bill crocket is with us today. they are the most experienced

arena architectural firm in the core and have been .yn 30 projects over the decade and bill personally involved with those and with the oslo-based snow heada, the lead architect, who is a american, they are the ones who have designed the moma expansion and also for us a very important consideration was most of their high-profile projects are in dense, urban areas built on the water. you one you see there is the home of the opera and the ballet in oslo. the port is represented here today has also appointed a citizens' advisory committee, a

cac to advise the board of supervisors on this project. not quite sure how that slide got in there. [ laughter ] although i can understand an agitated mark jackson might resemble the earlier cac meetings. [ laughter ] there we go. katie is in that. this was the actual citizens' advisory committee. this committee is having an expedited series of meeting and will be active through the project to advise the board of supervisors on how to make the project work the way it needs to work for san francisco. so that is it. we soon will have site plans and early design to share that i think is going to reflect what you saw in the video, that promise of a project that is worthy of the city of san francisco, and this iconic site. so with that, i would

like to thank mary felicia brown, eric young, the entire business times staff and making us part of this event. we're very, very excited to be adding another piece,' beautiful piece to the city's heritage. thank you. [ applause ] >> thank you, rick. that was very, very exciting and appreciate you sharing that with us. let's have a huge round of applause for all of our speakers. [ applause ] so many great things to be excited about in our future. i want to thank all of you and i will thank all of our sponsors again, shepherd mullen, dig engineers hathaway, smith group, jjr. and i hope that you all have a

wonderful day. and next year, think of the exciting stories that we'll have to tell at structure san francisco. thanks again to our great speakers and go out and have a great day. thank you. [ applause ] >> good morning, good morning, i am charlette shults and

behalf of mayor lee, we welcome you to this occasion that we have been waiting for for six years because the mayor of paris, this occasion, we're excited that mayor delaware is here from paris, he was here six years ago and we have been meeting every air france flight since then waiting for you. so, the occasion has now come and we are looking forward to the mayor looking around san francisco and seeing the changes that have been made. i don't know whether -- is willie brown here? he was the one who started this some 16 years ago, i think he would have turned in this beret in order to change jobs with the mayor of paris, having gone there so many times, we also have with us tom horn who is

our chairman of our sister city committee which has many exchanges which we're going hear about more of them today, mayor lee, you have been mayor for almost two years, and as you know, the mayor of paris has been mayor for 11 years, and look how young he is, so there's hope for you. we have just had a meeting inside and the mate -- mayor has made a promise which tom and i and matthew, we're going to make sure he keeps that promise and he says, next year, we're going to paris, so tom horn and i are going to be the advanced team, we're leaving with the mayor on a sunday when he goes back. so, may i introduce our mayor, a newer mayor than the mayor of paris but one we are proud of and we will be hoping that he

is planning the trip very soon, so may i present mayor lee. [applause]. >> thank you, charlotte. >> well, thank you, everybody, for coming here today. as you can see, there was excitement in the air when the mayor of paris comes to san francisco and i want to welcome him, i want to welcome the council general office as well, this is an exciting moment for me, waiting 6 years since his last visit is too long, not to renew a friendship to this city which has been historic friendship and one of the most dynamic sister city relationships that we have, i noticed in our room we have other numbers of our other sister cities, manila and gosh, there's so many, cork, and other regions that also -- and our other council generals that are here today, thank you so

much for coming and frn council blats for enjoying this moment, there is a lot to be gained by our sister city and especially with paris, i was informing the mayor of my first trip to paris, it's been my only trip which is why i have to go officially, but that was 1969 was my very first trip to pear ris as a high school student, as a high school choir of high school in seattle, we raised money all yearlong for us to go, i got to visit the jazz club along the river and then i got to hear for the very first time stevie wonder saying my shari amor in paris, look it up, that's why of course mayor

dell way has invited me to be making my first official visit some time next year and certainly charlotte and tom and others have jumped on the occasion, matt and everybody else, but it is one of those relationships that i have understood as being one of the most porn -- important in the city, one is an international status, one we hold dearly because there's a lot to learn, each of our cities as great as they are become greater as our goals of becoming environmentally responsible, creating our opportunity for our economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we

can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our

relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very great relationship and we could not have done it without the involvement of our private citizens, tom horn has led a fantastic group of volunteers on our sister city committee for paris and san francisco, and he's doing a marvelous job and this again reflects how our citizenry helps our city become a better city with these sister city relationships and again i want to thank you and the audience too who are volunteers in our -- i really, really thank you from the bottom of my heart for creating such a great part of our soul of our cities, and giving us the reasons why we can be an international city, so with that, welcome, mayor, and i look forward to